Crude oil transport from Iraq's northern Kurdistan to Turkey has resumed after being paused for over two years due to a complex dispute.

The suspension, initiated by an International Chamber of Commerce ruling, required Turkey to pay Iraq $1.5 billion in damages over unauthorized oil exports dating back to 2014.

With Kurdistan's oil flowing again, Iraq's exports stand to increase significantly, satisfying international demands, and potentially stabilizing crude markets amid rising global energy needs.

See Full Page